The purpose of this public interest Forum program is to develop marketplace
standards for the fair and orderly conduct of shareholder meetings that
allow electronic participation..

There appears to be widespread corporate and investor appreciation of the
opportunities presented by electronic communication technologies to reduce
costs and, more importantly, attract broader participation in the
shareholder meeting process. Concerns have been raised, though, that
“virtual” meetings could be conducted in ways that eliminate the effective
communications of properly conducted physical meetings.[1]

Considering the global economic importance of the protocols to be defined,
the Forum program has been organized to assure a publicly open process for
establishing informed consensus support of key marketplace constituencies:

·Review of exemplary meetings – from April
to June 2010, report observations of shareholder meetings that test electronic
communications as well as some traditional meetings that present relevant
issues

·Weekly reports– summaries of program
developments, exemplary shareholder meetings, relevant news articles, and
views of program participants; to be distributed Fridays and posted on the
web site for archive reference

·Open meeting– publicly open exchange of Forum
participant views relating to proposed standards, and a test of the
applicable electronic communications processes; to be scheduled for late
June or July after observing 2010 shareholder meetings

·Report of consensus standards– final report of
consensus standards established by Forum participants and a summary of any
significant views not supported by apparent consensus, as approved by the
Program Panel and with any comments submitted by its individual members

The initiation of this program was encouraged by
Walden Asset Management, which had voiced the concerns about “virtual”
meetings shared by many investors. Both
Intel Corporation, which has pioneered electronic participation in its
annual meetings, and
Broadridge Financial Solutions, Inc., which provides facilitating
communications technology, have responded with commitments of leadership
support for the program. Representatives of each of the three organizations
have been invited to serve on the Program Panel.[2]
Additional corporate, investor and professional leaders will be invited to
support the program and serve as panel members, experts, or workshop
participants to guide the Forum’s full public review of the issues and
development of a consensus report.

Participation in this Forum program is open, free of charge, to all
marketplace decision-makers and the professionals who advise them, according
to the Forum's standard
Conditions of Participation.

[2]
Intel’s representative, Cary I. Klafter, and Walden’s representative,
Timothy Smith, have also been actively involved in the guidance of a
Forum public interest
program addressing “Say on Pay” issues, respectively as a member of
that program’s panel and as the chair of a focus section for its
professional reference clearinghouse.

This Forum
program is open, free of charge, to anyone concerned with investor interests
in the development of standards for conducting shareholder meetings
with electronic participation. As stated in the posted
Conditions of Participation,
the Forum's purpose is to
provide decision-makers with access to information and a free exchange of
views on the issues presented in the program's Forum Summary. Each
participant is expected to make independent use of information obtained
through the Forum, subject to the privacy rights of other participants.
It is a Forum rule that participants will not be identified or quoted
without their explicit permission.

The organization
of this Forum program was encouraged by Walden
Asset Management, and is proceeding with the
invited leadership support of Broadridge Financial Solutions, Inc. and
Intel Corporationto address issues relevant to broad public interests in marketplace
practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can
provide both expertise and examples of leadership relating to
the issues being addressed.

Inquiries about this Forum program and requests to be included in
its distribution list may be addressed to
e-mtg@shareholderforum.com.

The information provided to Forum participants
is intended for their private reference, and permission has not been
granted for the republishing of any copyrighted material. The material presented on this web site is
the responsibility of
Gary
Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™
is a trademark owned by The Shareholder Forum, Inc., for the
programs conducted since 1999 to support investor access to
decision-making information. It should be noted that we have no
responsibility for the services that Broadridge Financial
Solutions, Inc., introduced for review in the Forum's
2010 "E-Meetings" program and has since been offering with the “Shareholder
Forum” name, and we have asked Broadridge to use a different name
that does not suggest our support or endorsement.